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Watching time, the only true currency // A journal from John B. Roberts

Data is gold, so we need better shovels

The “old saw” is that the way to get rich during a gold rush is selling shovels. David Hornik avoids leaning on that analogy (good for him). Still, Points On The Curve made me think that in a world where data is gold, we all need better shovels.

I suppose measurement is a recent theme for me. I created a category for measurement. I hate struggling for numbers, and — more importantly — insight, when I work in such a data-rich environment. When you’re swimming in data, it feels foolish to make decisions without analysis. But if you’re not tracking the right things, or can’t get information (not data) easily, then you act with what you had before… which is your gut.

I know I can do better.

p.s. I’m now subscribed to Xavier Casanova’s Coffee, Sun & Technology, discovered through Hornik.

March 2006
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